The Watermill Group Aquires C&M Technologies Group, Inc.

Lexington, MA– The Watermill Group announced today that it has acquired C&M Technologies Group, Inc. d.b.a. C&M Corporation (“C&M”), a leading manufacturer of custom cable, coil cords and cable assemblies. With manufacturing capabilities in the United States and Mexico, C&M is well positioned as a top supplier of specialized cabling solutions to Fortune 500 companies in the industrial, medical, defense, multimedia, datacom and data collection industries.

Headquartered in Wauregan, Connecticut, C&M has transformed from a wire salvage business in its formative years into a premier manufacturer of high performance cable products. William Mueller, Chief Executive Officer of C&M, will continue to lead the management team.

“This transaction marks an important milestone in the development of the firm,” said Mueller. “Founded in 1964 by my father, Warren Mueller, C&M has experienced significant growth under our stewardship and is well positioned in the current marketplace. We are confident that the partnership with Watermill Group will be a great asset in supporting our management team and further increasing the level of service and value provided to our customers.”

Timothy Eburne, Partner at The Watermill Group, added “C&M has been manufacturing customized cabling solutions for leading OEM technology companies for four decades. We look forward to partnering with management and the employees to further improve operating performance at C&M and implement a successful growth strategy for the future.”

Steven Karol, Founder and Managing Partner of The Watermill Group, said “We are excited about the addition of C&M to our investment portfolio. The company’s strength of engineering and component design in the manufacturing of custom cable and cable assemblies provide a strong value proposition to its customers.”

About The Watermill Group

For nearly three decades, The Watermill Group has been partnering with management teams to transform and build great companies. By combining customized transaction structures with the resources and expertise executives need to drive strategic and operating change, Watermill helps its portfolio management teams thrive, to generate extraordinary returns for all stakeholders. Watermill partners have over 165 years of combined experience with extensive expertise in a wide variety of industries. We focus on investing in companies where there is the opportunity to enhance performance through strategic change, operating improvements, or balance sheet realignments.

C&M Corporation

C&M Corporation is a vertically integrated manufacturer of custom cable, coil cords and cable assemblies. As a worldwide, RoHS compliant cable and cable assembly manufacturer of advanced power and signal transmission cable solutions, C&M employs the most current processes for lean manufacturing and cycle time reduction to deliver superior cost-competitive cables and cable assemblies faster than anyone else in the industry.

CONTACT: Nancy J. Sterling, APR
ML Strategies, LLC
(617) 348-1811

April 10, 2008